In order to claim the CCUS ITC, you must be issued an initial project evaluation for each qualified CCUS project.
To be issued an initial project evaluation, you need to complete a FEED study, take the pre-screening questionnaire, and submit a project plan to NRCan.
A project plan must be submitted to NRCan:
- Before the project’s first day of commercial operations (i.e. the day that is 120 days after the day on which captured carbon dioxide is first delivered to a carbon transportation, carbon storage or carbon use system for the purpose of storage or use on an ongoing operational basis);
- or by September 19, 2024, if the project’s first day of commercial operations occurred prior to June 21, 2024.
IMPORTANT: At this time, it may take up to 3-months before NRCan engages with a taxpayer on their submission.
NRCan is prepared to receive submissions of varying size and complexity. Once a project plan is submitted, NRCan will engage with the taxpayer as necessary to conduct an efficient and timely project plan evaluation.
It is the taxpayer’s responsibility to take their project’s size, complexity, and filing deadlines into consideration when submitting their project plan (see Previous year filing How and when to claim the credit). Should the December 31, 2025 deadline apply to your project, please ensure that you have submitted your project plan documents as early as possible to allow both NRCan and the CRA to preform the required reviews.
Steps
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Complete a FEED study
A requirement before submitting a project plan
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Take the pre-screening questionnaire
A questionnaire to determine taxpayer and project eligibility
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How to submit your project plan
Use NRCan's secure portal for your project plan submission
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Project changes and impacts
What to do if there are changes to your project after project plan submission